We all come up with some kind of ideas that may help us to generate passive income. However, we must also remember that not all ideas are successful. We may think that our idea may work because we may understand things or view things from our own perspective. However, this does not mean that we are always right. So, what are some of the passive income ideas that failed or did not work for you?
What Are Some Passive Income Ideas That Failed?
- Thread starter Passiveearner
- Start date
This might have happened because you did not dedicate sufficient time to populating the website with useful content and popularizing the site.
The experience of consistently coming across useful content on a website is a sure avenue to keeping users visiting a site on a regular basis.
This is the same thing that happened to my first blog. I had the content which I felt was okay by my standard but no traffic to generate the needed income. it can be bad this way.
- Thread starter
- #9
I once tried investing in HYIP and it failed miserably. The fact of the matter remains that I invested in another HYIP and it failed as well. The fact of the matter remains that investing money in Hyip was one of the worst decisions.
I find your comments quite interesting. The quest for education and learning is widespread, meaning that users are highly likely to embrace online courses.
What, in your view, contributed to the failure of this passive income generating concept?
Was it poor audience targeting or improper marketing?
Just because you have created a really great course and there is a huge demand for the course you have created does not mean you can actually sell the course. Selling course requires different skills and different kind of resources.
Online advertising, especially cpm and ppc advertising are not a source of passive income for many at present. The ad networks are not crediting the publisher for the ad views, so despite investing time and money, the publisher makes nothing.
- Thread starter
- #14
Before investing money in any kind of passive income opportunity, it is necessary to test it in the first place. The fact of the matter remains that there are many people who never test the scheme in the first place and they end up losing capital.
Yeah. I am persuaded to think that you had a deficiency with regard to the skills needed to market your website and the courses contained therein.
This is a fairly common happening to many business people. '
It underlines the need to invest in hiring competent marketing professionals.
This is probably the hardest way to make money online I know of. A lot of people who claim to make money this way actually spend large sums of money advertising the courses.
- Thread starter
- #17
I must say that pyramid schemes and such kind of projects are more likely to fail because they are bound to fail. Such kind of projects fail because they are not at all involved in any kind of real commercial or business activity that could possibly generate great revenue in the first place.
I tend to think that the reason for this unfortunate turn of events is a system glitch. In due course, the passive income generating concept will be revived, once the relevant technicians resolved the causative issue that is likely deriving from technological failure.
- Thread starter
- #19
I think that there are many cryptocurrency projects as well that also failed miserably. The fact of the matter remains that many cryptocurrency projects failed as they never managed to make money in the market.
That's it , people do like taking risk on investment and claim the higher the risk then the higher the return too without putting a small sum of money in testing whether it will work out in a larger scale.
